K-REIT Asia (KASA.SI - S$0.69; 2L): Hold: Decent Results, Occupancy Falls for 2nd Straight Quarter

Results slightly ahead of expectations - Distributable income rose 15% qoq in 4Q08 while FY08 distributable income was slightly ahead of CIR estimates. DPU for FY08 was 8.91, translating into a yield of 13.3%.